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oceanic and not mr. association, the costliest storms to hit katrina by one at funk shot. take, about 30 billion. andrew in 90 to about 36.5 billion. wilma in 2005, i've been 18 billion, charlie indo for 15 billion, reader, frances and jeanne all and hurricane damage. in your view, does the national flood insurance program currently structured work? >> i think it does work. it does help protect consumers from an uninsurable event in the private arcade. the program was created in 1968 was the result created because the private market could not accurately and in suitably underrate the insurance risk. so what was happening was people were completely without flood insurance protection. so is happening in the 60s and 50s as american citizens were being flooded and the only recourse that she had was federal disaster assistance after the fact. so the program was created to have people pay into a program and be prepared for storm and a flood event before it happened. now, it certainly could use improvement. you know, there are critics out there whose fate is is too subsidized by the federal gove
. >> guest: i know what he is referring to which katrina with uncertainty about what caused the structural damage. with katrina you have a lot of houses and structures wiped out the only thing left was a slab of concrete. it was very difficult to determine if the damage was caused by the wind or swept away by the storm surge or the flood. there was a lot of controversy wind versus water. that is important if it is caused by water then the nfip picks up the tab if it is wind than it is private insurance. this storm i don't anticipate being that much controversy surrounding the issue because based on the footage of his team there has not been widespread slab total loss properties that katrina had. in the storm i think there will be a better opportunity for the adjusters to use the scientific process look at the storm comment damage, water wobbles they can determine whether it was caused by water or wind. that is my hope. >> host: mr. prible with municipal damage in new york subway system are they ensured through a private broker? >> guest: new york city from what i read your understand they
about the levees in new orleans today without ever mentioning hurricane katrina. no one would do it. it's nonsensical. there is so little context provided about dodd-frank that you would think it is the product of immaculate conception. there is no antecedent events. it's amazing. that's why when opponents want to talk about growth rate, what was it they started with? 2010. nothing happened before that. it's inexplicable, right clicks so of course, will not often mentioned, the dodd-frank act was passed because of the 2009 financial crisis, which was the worst since the crash of 1929 and it delivered us the worst economy since the great depression of the 30s. how come it's a really mentioned? because the financial industry, lawyers, lobbyists, allies and broader influence industry has purchased has been wildly successful in changing the subject of the debate from the financial crisis, wall street's role in it and the cost to the country to, drumroll, the financial reform of regulations implementing it and the cost to them, the industry. it is truly remarkable how much time is spent talk
of liberalism. built on the bones two of disasters wars, the incompetent of the reaction to katrina and a ruin in the economy. four years later, what the hell happened? that's my first question. [laughter] >> that's hey, that's what "pity the billionaire: the hard-times swindle and the unlikely comeback of the right is about. and if you all want to you're going have to read the whole thing. that is in very brief form what the book is about. we came to it four years ago we came to a turning point in the country, we didn't turn. you know, -- [laughter] and before i start blabbing about that. let me say how nice it is to be here in austin, texas thank you for inviting me. it i love a book festival where you can buy a corn dog. [laughter] [applause] that's awesome. okay. but back to the sort of story of our times. to pick up on what president obama was say -- paul was saying in 2008 i live in washington, d.c., now. every pundit in the city was saying conservativism is done. it's days over. we followed the economic recipe. look what happened. not to mention all the substantials, tom delay, the katr
's approval rating never recovered once he started tanking after his mr. salmond of hurricane katrina. so this is a big risk i think the president obama. he had to show that he was a leader, minimize any damage, look like he's engaged, and by the way, there's no -- how does he do that? he flew back from florida, state of the white house. he was on the phone with governors and mayors all up and down at eastern seaboard all day, monday and tuesday. chris christie, the governor of new jersey to his state was hardest hit by hurricane sandy has made some very favorable comments, a republican who spent a lot of time bashing obama, over the last couple of months, made some really favorable comments about the president. said he deserves a lot of credit for the storm handle but here's a moment in which the president can you show great leadership and an opportunity to sort of demonstrate the power of the white house and the power of incumbency, or he can screw it up and botch everything and end up losing reelection probably because of it. i think he's probably tilting towards the leadership side no
talking about the levees in new orleans today without every mentioning hurricane katrina. no one would do it. it is nonsensical. in fact there is usually so little context provided about dodd-frank that you would think that it was the product of a immaculate conception. there was no antecedent event that is amazing. that's why when opponents talk about growth rates, what was the date he started with? 2010. nothing happened before that. it is inexplicable, right? so of course, while not often mentioned the dodd-frank act was passed because of the 2008-2009 financial crisis which was the worst financial crisis since the great crash of 1929 and it delivered is the worst economy since the great depression of the '30s. how come it is so rarely mentioned? because the financial industry, its lawyers, lobbyists, allies and the broader influence industry that it has purchased has been wildly successful in changing the subject and the debate from the financial crisis, wall street's role in it, and the cost to the country. two, drum roll, the financial reform law, regulations implementing it and the
think it will only be second to katrina. there will be tens of billions of dollars. we are doing a continual resolution until april 1. whether or not that will be enough remains to be seen. every time there's a disaster on the west coast, an earthquake, a flood and the mississippi, a tornado, we pull together as congress, republicans and democrats and do what has to be done. i do not expect new jersey will be treated any differently. i know my colleagues in surrounding states, especially in new york and new england states were very hard hit. i have been in contact with republicans and democrats. i think we are going to join together and do what is necessary. we do not know what those numbers are. i think it is premature to speculate too much. we are like the center for strategic and international studies for a look at global health, the military and national security. this discussion just getting underway. >> -- global health, and i think i came to experience it when i was in the department, and it's something that every four-star general and flag officer in the department can at
Search Results 0 to 6 of about 7

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